Base Offer Segment means a component of a Sell Offer based on an existing Generation Capacity Resource, equal to the Unforced Capacity of such resource, as determined in accordance with the PJM Manuals. If the Sell Offers of multiple Market Sellers are based on a single Existing Generation Capacity Resource, the Base Offer Segments of such Market Sellers shall be determined pro rata based on their entitlements to Unforced Capacity from such resource.
Examples of Base Offer Segment in a sentence
The Market Seller Offer Cap, stated in dollars per MW/day of unforced capacity, applies to the price-quantity offer within the Base Offer Segment for an Existing Generation Capacity Resource participating in PJM’s capacity auction.
The Market Seller Offer Cap, stated in dollars per MW-year, applicable to price-quantity offers within the Base Offer Segment for an existing Generation Capacity Resource shall be the Avoidable Cost Rate for such resource, less the Projected PJM Market Revenues for such resource.